$TRADOOR š Chart Observations
ā¢ Strong Uptrend: The price moved from $1.20 ā $2.04, showing strong buying pressure.
ā¢ Correction: After peaking at $2.04, the price corrected and is now stabilizing around $1.70ā$1.77.
ā¢ Support & Resistance:
ā¢ Strong support: around $1.70 (buyers defending this level).
ā¢ Resistance: around $2.00ā$2.05 zone.
ā¢ Indicators:
ā¢ RSI(6) ā 82.8 ā short-term overbought.
ā¢ MACD shows a positive crossover ā bullish momentum.
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š Possible Pattern
ā¢ The chart looks like a Bullish Flag / Pennant setup:
ā¢ Strong upward impulse.
ā¢ Small consolidation in a sideways/downward channel.
ā¢ Often leads to a continuation breakout upward.
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ā ļø What to Watch
ā¢ If the price breaks above $1.90ā$2.00 with strong volume, the next upward move is likely.
ā¢ If it drops below $1.70, a deeper correction is possible (towards $1.55ā$1.60).
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ā Summary: Right now, the chart is showing a bullish pennant/flag pattern. But since the RSI is overheated in the short term, many traders may wait for a clear breakout confirmation before entering. #MarketPullback #BinanceHODLerOPEN #Whale.Alert #TradingCommunity
